The global Silicon Photonics Devices Market is forecasted to be worth USD 4,328.5 Million by 2027, according to a current analysis by Emergen Research. As there is a growing trend for connected devices and IoT in several industries, the need for the number of data points has also increased substantially. The factor driving the demand for the market is efficient power consumption usage in silicon photonics devices and increasing the bandwidth requirement for the transfer of large data. Increased funding into the sector has also propelled the growth of the market.
Moreover, with a fall in the price of these devices, the demand has increased extensively in various sectors such as telecommunications, healthcare, and defense, among others. An increase in the level of awareness in the healthcare sector, and incorporation of IT in the industry, such as refractive sensing and lab-on-chip solutions, have also boosted market demand.
The Global Silicon Photonics Devices Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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The leading market contenders listed in the report are:
Broadcom Limited, Acacia Communications, Inc., Finisar Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hamamatsu Photonics, K. K., Infinera Corporation, IBM Corporation, Intel Corporation, Luxtera
Some Key Highlights from the Report
- In September 2020, Physik Instrumente (PI) and FormFactor join in MeasureOne partnership to advance silicon photonics devices test and measurement development. MeasureOne is focused on delivering performance-validated and integrated solutions to address user’s test and measurement applications.
- Fiber optics have changed the world of network communication since its inception. Fiber optic cables are used to transmit a large amount of data at high speed. The technology is used in the internet cable, and as compared to copper wires, these are lighter, less bulky, and more flexible and can carry more data.
- Photo detectors are used in a range of devices, from automated supermarket doors to VCR remote controls and receivers on TV. It is also used in enormous arrays used by astronomers to detect radiation from the universe. Multiple uses of the devices create a high demand for the product, and the segment is forecasted to grow with a CAGR of 23.4% during the forecast period.
- Fiber-based optical wires are used in data centers to provide point-to-point links that enable inter-rack, high-bandwidth data communications. Optical technology is used on a different level of the data center architecture to enable different varieties of transparent network or all-optical networking schemes.
- The Asia Pacific region is experiencing strong growth in data centers, consumer electronics manufacturers, and transport networks. The ever-growing telecommunication sector in the developing countries is also propelling the demand for silicon photonic devices in the region.
Key reasons to buy the Global Silicon Photonics Devices Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Silicon Photonics Devices market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Market Segmentations of the Silicon Photonics Devices Market
Product Outlook (Revenue, USD Billion; 2017-2027)
- Optical Cables
- Multiplexers
- Optical Transceivers
- Attenuators
- Radio Frequency Circuit
Devices Outlook (Revenue, USD Billion; 2017-2027)
- Photo Detector
- Optical Waveguide
- Optical Modulator
- Optical Switches
- Laser
Application Outlook (Revenue, USD Billion; 2017-2027)
- IT & Telecommunication
- Healthcare
- Defense
- Consumer Electronics
- Others
Regional Outlook of the Silicon Photonics Devices Market
The global Silicon Photonics Devices market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Silicon Photonics Devices market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Silicon Photonics Devices market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Silicon Photonics Devices market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Silicon Photonics Devices market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
